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Variable Home Loan Interest Rates

Below are the variable interest rates for Investment Property Loans including any standard discounts and special offers under our optional home loan package, Premier Advantage Package (an annual package fee of $395 applies). See Choosing the right repayment type.

Variable interest rates for principal and interest repayments

Loan Variable interest rate Comparison rate1
Rocket Investment Home Loan 5.93% p.a. 6.07% p.a.
Flexi First Option Investment Loan 5.28% p.a. 5.33% p.a.

Variable interest rates for principal and interest repayments under our home loan package, Premier Advantage Package

For total packaged home loans (new and existing) between $150,000 and $249,999
 

Loan Package discount on new loan Variable interest rate Comparison rate1
Rocket Investment Home Loan

Special offer2

0.6% p.a. off the applicable interest rate Conditions apply. Special limited time offer available from 19/09/2016 which may be withdrawn or varied at any time.

5.33% p.a. 5.69% p.a.

Interest rates shown are for fully documented loans. Find out more about our home loan package, Premier Advantage Package. Total packaged home loan(s) means all your new and existing home loans that are under Premier Advantage.

 

Variable interest rates for principal and interest repayments under our home loan package, Premier Advantage Package

For total packaged home loans (new and existing) between $250,000 and $499,999
 

Loan Package discount on new loan Variable interest rate Comparison rate1
Rocket Investment  Home Loan

Special offer2

0.8% p.a. off the applicable interest rate.

Conditions apply. Special limited time offer available from 19/09/2016 which may be withdrawn or varied at any time.

5.13% p.a. 5.5% p.a.

Interest rates shown are for fully documented loans. Find out more about our home loan package, Premier Advantage Package. Total packaged home loans means all your new and existing home loans that are under Premier Advantage package.

 

Variable interest rates for principal and interest repayments under our home loan package, Premier Advantage Package

For total packaged home loans (new and existing) between $500,000 and $749,999
 

Loan Package discount on new loan Variable interest rate Comparison rate1
Rocket Investment  Home Loan

Special offer2

0.85% p.a. off the applicable interest rate.

Conditions apply. Special limited time offer available from 19/09/2016 which may be withdrawn or varied at any time.

5.08% p.a. 5.45% p.a.

Interest rates shown are for fully documented loans. Find out more about our home loan package, Premier Advantage Package. Total packaged home loans means all your new and existing home loans that are under Premier Advantage package.

 

Variable interest rates for principal and interest repayments under our home loan package, Premier Advantage Package

For total packaged home loans (new and existing) between $750,000 and above
 

Loan Package discount on new loan Interest rate Comparison rate1
Rocket Investment Home Loan

Special offer2

0.9% p.a. off the applicable interest rate.

Conditions apply. Special limited time offer available from 19/09/2016 which may be withdrawn or varied at any time.

5.03% p.a. 5.4% p.a.

Interest rates shown are for fully documented loans. Find out more about our home loan package, Premier Advantage Package. Total packages loans means all your new and existing home loans that are under Premier Advantage Package.

 

Flexi First Option Investment Property Loan - Special offer3

Save with Westpac

  • We've waived our establishment fee saving you $600 with our special offer for new home loans
  • You can enjoy the benefits of our life of loan discount with our basic home loan with a lower variable interest rate  
Special offer
New home loans only
Variable interest rate Comparison rate1

Flexi First Option Investment Property Loan variable rate includes a 0.8% p.a. life of loan discount on new Investment Property loans with Principal and Interest repayments. Excludes internal refinances within Westpac Group.3

4.48% p.a.** 4.49% p.a.

Variable interest rates for interest only repayments under our home loan package

Loan Variable interest rate Comparison rate1
Rocket Investment Home Loan 6.44% p.a. 6.57% p.a.

Variable interest rates for interest only repayments under our home loan package, Premier Advantage Package

For total packaged home loans (new and existing) between $150,000 and $249,999
 

Loan Package discount on new loan Variable interest rate Comparison rate1
Rocket Investment Home Loan

Special offer2

0.6% p.a. off the applicable interest rate. 

Conditions apply. Special limited time offer available from 19/09/2016 which may be withdrawn or varied at any time.

5.84% p.a. 6.19% p.a.

Interest rates shown are for fully documented loans. Find out more about our home loan package, Premier Advantage Package. Total packaged home loan(s) means all your new and existing home loans that are under Premier Advantage.

 

Variable interest rates for interest only repayments under our home loan package, Premier Advantage Package

For total packaged home loans (new and existing) between $250,000 and $499,999  

Loan Package discount on new loan Variable interest rate Comparison rate1
Rocket Investment  Home Loan

Special offer2

0.8% p.a. off the applicable interest rate.

Conditions apply. Special limited time offer available from 19/09/2016 which may be withdrawn or varied at any time.

5.64% p.a. 6% p.a.

Interest rates shown are for fully documented loans. Find out more about our home loan package, Premier Advantage Package. Total packaged home loans means all your new and existing home loans that are under Premier Advantage package.

Variable interest rates for interest only repayments under our home loan package, Premier Advantage Package

For total packaged home loans (new and existing) between $500,000 and $749,999

Loan Package discount on new loan Variable interest rate Comparison rate1
Rocket Investment  Home Loan

Special offer2

0.85% p.a. off the applicable interest rate.

Conditions apply. Special limited time offer available from 19/09/2016 which may be withdrawn or varied at any time.

5.59% p.a. 5.95% p.a.

Interest rates shown are for fully documented loans. Find out more about our home loan package, Premier Advantage Package. Total packaged home loans means all your new and existing home loans that are under Premier Advantage package.

Variable interest rates for interest only repayments under our home loan package, Premier Advantage Package

For total packaged home loans (new and existing) between $750,000 and above
 

Loan Package discount on new loan Interest rate Comparison rate1
Rocket Investment Home Loan

Special offer2

0.9% p.a. off the applicable interest rate.

Conditions apply. Special limited time offer available from 19/09/2016 which may be withdrawn or varied at any time.

5.54% p.a. 5.9% p.a.

Interest rates shown are for fully documented loans. Find out more about our home loan package, Premier Advantage Package. Total packages loans means all your new and existing home loans that are under Premier Advantage Package.

 

Flexi First Option Investment Property Loan with Interest Only Repayments Special offer3

Save with Westpac

  • We've waived our establishment fee saving you $600 with our special offer for new home loans
  • You can enjoy the benefits of our life of loan discount with our basic home loan with a lower variable interest rate  
Special offer
New home loans only
Variable interest rate Comparison rate1
Flexi First Option Investment Property Loan variable rate includes a 0.71% p.a. life of loan discount on new Investment Property loans with Interest Only repayments. Excludes internal refinances within Westpac Group.3 5.08% p.a.*** 5.09% p.a.

SMSF Investment Property Loan for principal and interest repayments

Loan type not available for applications after the 30th of July 2018


Term Annual interest rate Comparison rate1
Variable Rate  5.93% p.a.  6.04% p.a.

 

Below is the applicable variable interest rate for the Equity Access Loan and also the lower rates you'll pay if you package your new loan under our optional home loan package, Premier Advantage Package. An annual fee of $395 applies.

Choosing the right repayment type.

Variable interest rate for Equity Access Loan

Loan Variable Interest rate 
Equity Access Loan 6.56% p.a.

Equity Access Loan interest rates under our home loan package, Premier Advantage Package   

Loan
Package discount on new loan Variable interest rate

$150,000 - $249,999

Your total packaged home loans - new and existing

Special Offer1

0.6% p.a. off the applicable interest rate

Conditions apply. Special limited time offer available from 19/09/2016 which may be withdrawn or varied at any time.

5.96% p.a.

$250,000 - $499,999

Your total packaged home loans - new and existing

Special Offer1  

0.8% p.a. off the applicable interest rate

Conditions apply. Special limited time offer available from 19/09/2016 which may be withdrawn or varied at any time.

5.76% p.a.

 

$500,000 and $749,999

Your total packaged home loans - new
and existing

Special Offer1

0.85%

off the applicable interest rate

Conditions apply. Special limited time offer available from19/09/2016 which may be withdrawn or varied at any time.

5.71% p.a.

$750,000 and above

Your total package home loans - new
and existing.

Special Offer1

0.9% p.a. off the applicable interest rate

Conditions apply. Special limited time offer available from 19/09/2016 which may be withdrawn or varied at any time.

 

5.66% p.a.

 

 

Interest rates shown are for fully documented loans. Find out more about our Home Loan Package, Premier Advantage package.

Total packaged home loan(s) means all your new and existing home loans that are under Premier Advantage Package.

 

 

 

 

 

 

Things you should know

Variable rate subject to change.

Fees and charges, Terms and Conditions and normal credit criteria apply.  Interest rates and Premier Advantage package discount margins are subject to change - including before you settle a loan. Terms and conditions are available on request.

Premier Advantage Package Terms and Conditions (PDF 1MB)

Deposit accounts for Personal and Self-Managed Superannuation Fund customers terms and conditions (PDF 12MB)  

Discounts do not apply to internal refinances and are not transferable between loans. Package benefits cannot be taken in conjunction with, or in addition to other special offers, negotiated rates or discounts.

The discount on existing loans within a package is that offered at the time you settled your loan.  Any new packaged loans will have the benefit of the discounts set out above, subject to any conditions that apply.

1. More on comparison rates

This comparison rate is based on a secured variable rate loan of $150,000 over the term of 25 years.  WARNING: The comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

2. Special offer conditions for Rocket Repay Home Loan, Rocket Investment Loan and Equity Access Loan

Special interest rate discounts are only available on:

On the applicable variable rate for Rocket Repay Home Loans, Rocket Investment Loans for principal & interest and interest only repayments and Equity Access Loans

Which are included in a Premier Advantage Package (Package).

Special limited time offer available from 19 September 2016 which may be withdrawn or varied at any time.

To qualify and continue to receive the benefits of the Package you must either hold or are approved for a Westpac Choice transaction account.  Before deciding to acquire a Westpac Choice account, consider whether it is appropriate for you by reading the terms and conditions for this account in our Deposit Accounts for Personal and Self-Managed Superannuation Fund customers terms and conditions (PDF 12MB).

Special rate discount applies to full doc loans and includes the standard package discount of: 0.70% p.a. for loans of $250,000 or more and 0.4% p.a. for loans between $150,000 and $249,999 (annual package fee applies, currently $395).
 

3.  Special Offers

Credit criteria, fees, charges apply. Terms and conditions available on request. Based on Westpac's credit criteria, residential lending is not available for Non-Australian Resident borrowers.

Offer commences 19th September 2018. Special offers are only available on new Flexi First Option Home and Investment Loans. Discounts do not apply to internal refinances or switches within the Westpac Group, which includes refinances from Westpac, St.George, Bank of Melbourne, BankSA and RAMS. Not available to company and trust account holders. Offer may be varied or withdrawn at any time.

*Includes a 0.75% p.a. discount off our Flexi First Option Home Loan Principal & Interest repayment Variable Rate for the life of loan. Interest rates are subject to change.
 

**Includes a 0.80%p.a. discount off our Flexi First Option Investment Property Loan Principal & Interest repayment Variable Rate for the life of loan. Interest rates are subject to change.

***Includes a 0.71% p.a. discount off our Flexi First Option Investment Property Loan Interest Only repayment Variable Rate for the life of loan. Interest rates are subject to change.